MUSA vs. BALT
MUSA (Murphy USA Inc.) is a stock, while BALT (Innovator Defined Wealth Shield ETF) is Defined Outcome fund tracking the S&P 500. Over the past 3 years, MUSA returned 26.11%/yr vs 7.16%/yr for BALT. At a 0.15 correlation, their price movements are largely independent.
Performance
MUSA vs. BALT - Performance Comparison
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Returns By Period
In the year-to-date period, MUSA achieves a 42.11% return, which is significantly higher than BALT's 2.06% return.
MUSA
- 1D
- 0.33%
- 1M
- 1.16%
- YTD
- 42.11%
- 6M
- 40.00%
- 1Y
- 43.84%
- 3Y*
- 26.11%
- 5Y*
- 35.34%
- 10Y*
- 23.47%
BALT
- 1D
- -0.07%
- 1M
- 0.35%
- YTD
- 2.06%
- 6M
- 3.34%
- 1Y
- 7.01%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
MUSA vs. BALT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MUSA Murphy USA Inc. | 42.11% | -19.15% | 41.27% | 28.20% | 41.02% | 49.89% |
BALT Innovator Defined Wealth Shield ETF | 2.06% | 6.65% | 9.98% | 7.45% | 2.54% | 0.91% |
Correlation
The correlation between MUSA and BALT is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | 0.15 |
The correlation between MUSA and BALT shifts across timeframes, from -0.06 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MUSA vs. BALT — Risk / Return Rank
MUSA
BALT
MUSA vs. BALT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Murphy USA Inc. (MUSA) and Innovator Defined Wealth Shield ETF (BALT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MUSA | BALT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -3.33 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.70 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 6.10 | -3.87 |
| Martin ratioReturn relative to average drawdown | 4.58 | 22.78 | -18.20 |
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Drawdowns
MUSA vs. BALT - Drawdown Comparison
The maximum MUSA drawdown since its inception was -35.54%, which is greater than BALT's maximum drawdown of -4.89%. Use the drawdown chart below to compare losses from any high point for MUSA and BALT.
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Drawdown Indicators
| MUSA | BALT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -4.89% | -30.65% |
Max Drawdown (1Y)Largest decline over 1 year | -19.72% | -1.15% | -18.57% |
Max Drawdown (3Y)Largest decline over 3 years | -35.54% | -4.89% | -30.65% |
Max Drawdown (5Y)Largest decline over 5 years | -35.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | — | — |
Current DrawdownCurrent decline from peak | -8.14% | -0.07% | -8.07% |
Average DrawdownAverage peak-to-trough decline | -9.97% | -0.34% | -9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.60% | 0.31% | +9.29% |
Volatility
MUSA vs. BALT - Volatility Comparison
Murphy USA Inc. (MUSA) has a higher volatility of 13.94% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.27%. This indicates that MUSA's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUSA | BALT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.94% | 0.27% | +13.67% |
Volatility (6M)Calculated over the trailing 6-month period | 30.85% | 1.52% | +29.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.40% | 2.17% | +37.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.54% | 3.30% | +27.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.40% | 3.30% | +28.10% |
Dividends
MUSA vs. BALT - Dividend Comparison
MUSA's dividend yield for the trailing twelve months is around 0.42%, while BALT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BALT Innovator Defined Wealth Shield ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MUSA Murphy USA Inc. | 0.42% | 0.53% | 0.36% | 0.43% | 0.45% | 0.52% | 0.19% |
Frequently Asked Questions
MUSA and BALT have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUSA has higher volatility (13.94%) compared to BALT (0.27%). In terms of maximum drawdown, MUSA dropped -35.54% vs BALT's -4.89%.
BALT currently has the higher Sharpe Ratio (3.26 vs 1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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